Jefferies kept a Hold rating on Holley with a $3 price target after taking over coverage of the name. The company offers a "stable of best-in-class brands" with enduring reputational strength among industry enthusiasts, but model visibility will be key to unlocking meaningful share upside from current levels, the analyst tells investors in a research note. Challenges with near-term visibility in light of "broader consumer trepidation" keeps the firm on the sidelines.
Published first on TheFly
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